BHEL receives order for reactor header assembly from NPCIL amidst stiff competition

Bharat Heavy Electricals Limited (BHEL) today announced that it has received a prestigious order for the supply of 32 reactor header assemblies from Nuclear Power Corporation of India Limited (NPCIL). 

Reacting to this, the stock of BHEL jumped 3.82 per cent today and made an intraday high of Rs 36.70 per share.  

The order has been received under NPCIL’s fleet mode procurement for India’s highest-rated indigenously-developed 700 MWe pressurised heavy water reactors (PHWR) to be set up at four different locations in the country. 

The company reported a net loss of Rs 564.46 crore in Q2FY21. It had reported a profit of Rs 113.61 crore in Q2FY20. The company reported a total income of Rs 3,793.13 crore for Q2FY21, a decrease of 40.36 per cent as against the total income of Rs 6,359.68 crore for Q2FY20. 

BHEL is an integrated power plant equipment manufacturer, which is engaged in the designing, engineering, manufacturing, constructing, testing, commissioning, and servicing of a huge range of products & services for various sectors. 

According to BSE data, the stock traded at a price-to-book ratio of 0.44. 

Besides, the share price of the company closed at Rs 35.40, up by 0.14 per cent on BSE.